Quote:
Originally Posted by murg
While the tricks being used are legal, in Australia we have an overriding tax law that says that any tax avoidance scheme that has as it's purpose the avoidance of tax is illegal.
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If the companies are acting illegally, then of course they should be prosecuted, but what is the difference between "tax avoidance" and "minimising your tax bill by legal methods"? Can you explain for the benefit of us non-Australians?
Here in the UK, "tax evasion" is the crime of not paying the taxes that the law requires you to, but "tax avoidance" is employing legal methods to minimise your taxes, which is precisely what companies pay accountants to do.